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The value of Sui (SUI) has remained beneath the shifting common traces.
Sui worth long-term prediction: bearish
The altcoin has fallen from a excessive of $4.40 to a low of $3.11. The bearish momentum has damaged the present help at $3.27, however the bulls have purchased the dips. The value of the cryptocurrency is correcting increased because it retests the damaged help, which has now change into a resistance degree.
Furthermore, the worth indicator exhibits that the cryptocurrency will proceed to fall.
On August 3, as reported by Coinidol.com, a bearish candlestick physique examined the 50% Fibonacci retracement degree. The retracement predicts that the altcoin will fall to the two.0 Fibonacci extension or $2.19. The altcoin is at the moment falling because it faces rejection on the $3.40 worth degree. SUI is at the moment at a price of $3.33.
SUI worth indicators evaluation
The shifting common traces are sloping down, indicating a decline. The 21-day SMA is decrease than the 50-day SMA, indicating a bearish development. On the 4-hour chart, the worth bars are between the shifting common traces whereas the altcoin is correcting upwards. SUI should transfer inside a sure vary as it’s confined between the shifting common traces.
Technical indicators
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Key provide zones: $4.00, $4.20, $4.40 -
Key demand zones: $3.00, $2.80, $2.60
SUI/USD worth day by day chart – September 3, 2025
What’s the subsequent transfer for Sui?
SUI falls beneath the shifting common traces however has stalled above the help degree of $3.20. The altcoin is buying and selling above the $3.20 help and beneath the $3.40 resistance degree. The 50-day SMA barrier on the 4-hour chart has halted the uptrend. SUI will proceed its decline beneath $3.20.
SUI/USD worth 4-hour chart – September 3, 2025
Disclaimer. This evaluation and forecast are the private opinions of the creator. The info supplied is collected by the creator and isn’t sponsored by any firm or token developer. This isn’t a advice to purchase or promote cryptocurrency and shouldn’t be considered as an endorsement by CoinIdol.com. Readers ought to do their analysis earlier than investing in funds.
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